Bitcoin Dominance Bearish Outlook

2023년 12월 14일

BTC.D most likely will drop and we will enter altcoin season.

Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation.

The main target is around 39-40%, prepare for altcoin season.

2024년 1월 4일

노트

btc.d is below the rising wedge trendline, my first target is around 49-47% and then we most likely will consolidate or retrace. It could be when ETF is approved the dominance rise again.

2024년 1월 10일

노트

btc.d is currently on retest, faster than predicted.

I still expect it would drop to 47-49% and we enter altcoin season. Ethereum is having a rise currently (eth/btc pair) and that shows that we are about to enter altseason. Main target is still 39-40%.

Bitcoin > Ethereum > Altcoin